SINGAPORE: With bus and MRT fares likely to rise, attention has now shifted to the possibility of a taxi fare hike.
When asked about this possibility, a Comfort DelGro spokesperson said it was all speculation at this point in time.
Comfort DelGro has the giant's share of the taxi market - about 80% - as blue Comfort cabs, Yellow Top cabs and City Cabs come under its umbrella.
The spokesperson added she had no announcement to make at this point in time.
SMRT Taxis says taxi fares remain one of the lowest and most affordable in the world.
But tough working conditions and rising diesel prices will lessen the burden on taxi drivers if fares are made more competitive, it adds.
However, it's understood smaller cab companies will probably take the lead for any increase from the market leader so that they do not lose out on market share. - CNA/ir